The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a month-long truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
In advance of Amazon's earnings report on Thursday, Craig Johnson says the stock chart is pointing to big gains. Mark Tepper also likes the stock.Trading Nationread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Stocks rose at the open on Tuesday as investors cheered strong quarterly numbers from companies like Coca-Cola and United Technologies.US Marketsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
ABIDJAN, June 20 (Reuters) - The Ivory Coast unit of French telecoms group Orange aims to invest 180 billion CFA francs ($312 million) this year and next to improve its network and provide new services, its director said on Thursday.
Orange Cote d'Ivoire, West African nation's mobile telecommunications industry leader with more than 13 million subscribers, planned to improve internet speed in particular, Director Mamadou Bamba told Reuters.
"The priority is the extension of 4G coverage which has become indispensable," he said, adding that another focus would be expanding into banking and energy services.
"We hope to get the banking license from the central bank in June so that we can start microcredits from 2020 with Orange Bank," Bamba said.
Orange Cote d'Ivoire's revenue in 2018 was 538 billion CFA francs, little changed from the previous year. It is expected to rise 2% in 2019, Bamba said, citing increased market competition.
Its competitors in the wireless sector include South Africa's MTN and Maroc Telecom-owned Moov.
($1 = 577.5000 CFA francs) (Reporting by Loucoumane Coulibaly Editing by Alessandra Prentice and Edmund Blair)